Archives For Money

By Eric on November 25, 2013 1

This is part three of a four-part series on the rules of YNAB (the budgeting software we use). Rule Three is “roll with the punches.” While we absolutely love the YNAB software, these rules can be applied to any budget tool you may be using. (If you need a budgeting tool, check out our YNAB review or sign up for our newsletter and get our budget spreadsheet as a free download.)

In a recent discussion with some co-workers about budgeting, the topic of Murphy’s Law came up. If you’re not familiar, Murphy’s Law states:

Anything that can go wrong, will go wrong.

Not the most positive thinking, but in this broken world that we live in, sometimes things don’t go as planned. And what you decide in those moments will determine your financial future. Will you compound your problems, or stop the bleeding and move forward?

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By Eric on November 20, 2013 +

You Need a Budget’s (YNAB) Rule One told us how to give every dollar a job. Rule Two tells us to “save for a rainy day.” it’s something I remember hearing old people say when I was younger, yet never really knew what it meant.

Why save for a rainy day? Typically rainy days meant staying inside and not doing much of anything, let alone spending money. So, why save for that? Perhaps a way too literal interpretation of the saying…

YNAB uses this idea to help us understand how to save for big expenses that do not occur monthly. For example: car insurance, life insurance, Christmas, vacations and vehicle registration.

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By Eric on November 18, 2013 16

basementplans

This past spring (I think it was April), we decided to get serious about saving/earning money to fund a big project: finishing our basement. I say big, because when it’s all said and done, it will nearly double our living square footage (the benefits of owning a Midwest ranch).

We didn’t necessarily cut a bunch of expenses or get big raises or bonuses, but rather we simply started focusing our budgeting efforts toward a goal. The goal for the total project, furnishings and all, is $10,000. Last time we blogged about this project, a commenter asked why we set such an arbitrary number.

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By Eric on November 13, 2013 18

I’m somewhat shocked that we have lived for nearly two and half years without cable and DVR. It seems the further technology comes along, the easier it is for us to live without cable. Netflix, Hulu and other means of digital streaming have made it easier than ever to watch your favorites shows and movies without paying for traditional monthly cable or a satellite dish.

Of course, this doesn’t mean that it’s always easy to watch your favorite shows. Obviously in the grand scheme of things, missing a show or missing out on a game isn’t the biggest deal, but sometimes I do miss the convenience of having cable and DVR.

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By Eric on November 12, 2013 +

It’s time for our next installment of the Fiesta Movement! For more info on what it’s all about, go here. See part 1 of this post here.

This video featuring a slow-motion photo booth is my favorite from the Fiesta Agents this month. By the way, we each just got new iPhones (5s) last week after ordering them the day they came out (Kelsey got the gold one and it took longer…just means it’s extra special). Anyway, I’m really digging the slow-motion video feature. Check out this 7-second video of Rooney doing what I call the “lady bug shake.”

But back to the budget. It can be easy to let the Entertainment budget category get out of hand. So much can be lumped into “entertainment” that sometimes it might be necessary to split it into multiple categories so you can narrow in on how much you really need.

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